Civic Intelligence

Atlanta Apartment Association Inc

EIN 58-1225117 • 501(c)6 • Atlanta, GA

View Organization Page

Profile

Serves the interest of multifamily housing owners, managers, developers and suppliers and promotes a high level of professionalism in the multifamily industry to better serve the rental needs of the public.

8601 Dunwoody Pl Suite 318Atlanta, GA 30350

www.atl-apt.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

61st percentile

0.28x

Higher debt load relative to assets than 61% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

72nd percentile

0.51x

Higher debt load relative to revenue than 72% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Net Margin

65th percentile

9.3%

Higher net margin than 65% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

70th percentile

$371,335

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 7.2% of source-year revenue.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Asset Growth

47th percentile

4.3%

Faster asset growth than 47% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

67th percentile

11%

Faster revenue growth than 67% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets61st percentile

Assets

Up

$9,471,235

Up $387,188 (+4.3%) from 2023

Liabilities

Down

$2,628,500

Down $211,183 (-7.4%) from 2023

Net Assets

Up

$6,842,735

Up $598,371 (+9.6%) from 2023

Operations
Liabilities / Revenue72nd percentileNet Margin65th percentile

Revenue

Up

$5,130,963

Up $508,422 (+11%) from 2023

Expenses

Up

$4,654,726

Up $654,491 (+16%) from 2023

Net Income

Down

$476,237

Down $146,069 (-23%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth47th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0Assets 2011: $2,604,509Liabilities 2011: $741,818Net Assets 2011: $1,862,6912011Assets 2012: $2,728,201Liabilities 2012: $710,773Net Assets 2012: $2,017,4282012Assets 2013: $3,069,277Liabilities 2013: $817,806Net Assets 2013: $2,251,4712013Assets 2014: $3,030,821Liabilities 2014: $826,749Net Assets 2014: $2,204,0722014Assets 2015: $3,423,351Liabilities 2015: $893,563Net Assets 2015: $2,529,7882015Assets 2016: $4,187,297Liabilities 2016: $1,133,211Net Assets 2016: $3,054,0862016Assets 2017: $5,541,390Liabilities 2017: $2,113,160Net Assets 2017: $3,428,2302017Assets 2018: $6,733,742Liabilities 2018: $3,085,981Net Assets 2018: $3,647,7612018Assets 2019: $7,332,154Liabilities 2019: $3,199,108Net Assets 2019: $4,133,0462019Assets 2020: $7,551,685Liabilities 2020: $3,244,580Net Assets 2020: $4,307,1052020Assets 2021: $7,985,482Liabilities 2021: $2,862,291Net Assets 2021: $5,123,1912021Assets 2022: $8,434,331Liabilities 2022: $2,950,965Net Assets 2022: $5,483,3662022Assets 2023: $9,084,047Liabilities 2023: $2,839,683Net Assets 2023: $6,244,3642023Assets 2024: $9,471,235Liabilities 2024: $2,628,500Net Assets 2024: $6,842,7352024

Highlighted filing

2024

Assets$9,471,235
Liabilities$2,628,500
Net Assets$6,842,735
Open 2024 Filing

Operations Trend

Revenue Growth67th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0Revenue 2011: $2,793,918Expenses 2011: $2,744,825Net Income 2011: $49,0932011Revenue 2012: $3,074,022Expenses 2012: $2,919,285Net Income 2012: $154,7372012Revenue 2013: $3,220,623Expenses 2013: $2,986,580Net Income 2013: $234,0432013Revenue 2014: $3,475,449Expenses 2014: $3,419,370Net Income 2014: $56,0792014Revenue 2015: $3,674,196Expenses 2015: $3,348,480Net Income 2015: $325,7162015Revenue 2016: $3,881,756Expenses 2016: $3,357,458Net Income 2016: $524,2982016Revenue 2017: $3,885,688Expenses 2017: $3,511,544Net Income 2017: $374,1442017Revenue 2018: $3,913,834Expenses 2018: $3,694,919Net Income 2018: $218,9152018Revenue 2019: $4,110,348Expenses 2019: $3,698,516Net Income 2019: $411,8322019Revenue 2020: $3,280,997Expenses 2020: $3,159,738Net Income 2020: $121,2592020Revenue 2021: $4,087,197Expenses 2021: $3,348,646Net Income 2021: $738,5512021Revenue 2022: $4,159,765Expenses 2022: $3,777,317Net Income 2022: $382,4482022Revenue 2023: $4,622,541Expenses 2023: $4,000,235Net Income 2023: $622,3062023Revenue 2024: $5,130,963Expenses 2024: $4,654,726Net Income 2024: $476,2372024

Highlighted filing

2024

Revenue$5,130,963
Expenses$4,654,726
Net Income$476,237
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$9,471,235
Liabilities
$2,628,500
Net assets
$6,842,735
Revenue
$5,130,963
Expenses
$4,654,726
Net income
$476,237
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.47$2.63$6.84$5.13$4.65$0.48
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.08$2.84$6.24$4.62$4.00$0.62
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.43$2.95$5.48$4.16$3.78$0.38
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.99$2.86$5.12$4.09$3.35$0.74
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.55$3.24$4.31$3.28$3.16$0.12
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.33$3.20$4.13$4.11$3.70$0.41
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.73$3.09$3.65$3.91$3.69$0.22
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.54$2.11$3.43$3.89$3.51$0.37
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.19$1.13$3.05$3.88$3.36$0.52
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.42$0.89$2.53$3.67$3.35$0.33
2014Summary only. Only limited summary data is available for this year.$3.03$0.83$2.20$3.48$3.42$0.06
2013Summary only. Only limited summary data is available for this year.$3.07$0.82$2.25$3.22$2.99$0.23
2012Summary only. Only limited summary data is available for this year.$2.73$0.71$2.02$3.07$2.92$0.15
2011Summary only. Only limited summary data is available for this year.$2.60$0.74$1.86$2.79$2.74$0.05
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 11, 2025
Return Version
2024v5.2
Gross Receipts
$5,130,963
Mission and Program Overview

Mission

Serves the interest of multifamily housing owners, managers, developers and suppliers and promotes a high level of professionalism in the multifamily industry to better serve the rental needs of the public.

Support and elevate the interests of our members in the rental housing industry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,960,154$7,532,003▲ $571,849
Savings and Temporary Cash Investments$649,925$788,070▲ $138,145
Cash and Non-Interest-Bearing Accounts$348,818$186,996▼ $161,822
Land, Buildings, and Equipment, Net$245,850$177,245▼ $68,605
Accounts Receivable$97,903$150,355▲ $52,452
Prepaid Expenses and Deferred Charges$97,684$117,927▲ $20,243
Intangible Assets$6,667$4,667▼ $2,000
Total Assets$9,084,047$9,471,235▲ $387,188
Other Assets Total$677,046$513,972▼ $163,074
Liabilities
Deferred Revenue$1,787,728$1,785,813▼ $1,915
Other Liabilities$765,698$581,199▼ $184,499
Accounts Payable and Accrued Expenses$286,257$261,488▼ $24,769
Total Liabilities$2,839,683$2,628,500▼ $211,183
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,244,364$6,842,735▲ $598,371
Total Net Assets Fund Balance$6,244,364$6,842,735▲ $598,371
Total Liabilities and Net Assets / Fund Balance$9,084,047$9,471,235▲ $387,188

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$149,760$410,048$559,808
Other Land Buildings$6,257$120,727$126,984
Equipment$21,228$102,146$123,374
Other Assets Org$510,881--
Compensation and Service Providers
Top Officer Pay70th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
James C FowlerPresidentFT$332,721$38,614$371,335
Mark SullivanVice President-finance & HrFT$190,854$33,549$224,403
Chelsea JurasVice President-strategic InitiativesFT$154,500$9,824$164,324
Stephen DavisDirector of Government AffairsFT$116,098$16,127$132,225
Maggie P PattersonDirector of EventsFT$113,875$16,958$130,833
Shanquilla HaugabrookDirector of MembershipFT$105,577$16,278$121,855
Kimberly CableDirector of EducationFT$103,716$16,167$119,883
Julie AndersonVice President - OperationsFT$94,900$8,705$103,605

Board Members and Trustees

NameTitle
Melissa WhiteChair
Jon NixonChair-elect
Brett DukeImmediate Past Chair
Aaron SwainDirector
Abby CouickDirector
Alan P KingDirector
Andrew BennettDirector
Brandi BoudoinDirector
Brenda LindnerDirector
Chloe DeanDirector
Christopher C BurnsDirector
Dana HillDirector
Darion DunnDirector
Greg MarkDirector
Jamie TeaboDirector
Jeremy MesiDirector
John DaniellDirector
Kate BeasleyDirector
Kimberly AddisonDirector
Kimberly PeavyDirector
Mary HollandsDirector
Scott HawleyDirector
Sherry FreitasDirector
Nichole ReedSecretary
Rob GayleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$54,091
Program Service Revenue
$4,573,072
Investment Income
$374,790
Other Revenue
$129,010
All Other Contributions
$54,091
Change in Net Assets
$476,237

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,115,837
Revenue Not Reported on Financial Statements
$15,126
Revenue Not Reported on Form 990
$122,134
Total Revenue per Audited Statements
$5,237,971
Total Revenue per Form 990
$5,130,963
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,486,521
Salaries, Compensation, and Employee Benefits$2,155,216
Grants and Similar Amounts Paid$12,989
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$748,815$410,961-$1,159,776
Current Officers, Directors, Trustees, and Key Employees$399,321$219,153-$618,474
Fees for Services Lobbying$453,444--$453,444
Conferences and Meetings$296,903$5,060-$301,963
Occupancy$216,127$63,195-$279,322
All Other Expenses$195,105$41,102-$236,207
Office Expenses$155,037$8,269-$163,306
Fees for Services Other$125,189$25,677-$150,866
Other Employee Benefits$93,366$51,240-$144,606
Payroll Taxes$85,174$46,745-$131,919
Advertising$69,227$37,993-$107,220
Pension Plan Contributions$64,850$35,591-$100,441
Depreciation Depletion$60,087$32,976-$93,063
Other Expenses$49,840$4,000-$53,840
Travel$45,229$7,983-$53,212
Insurance$26,396$4,323-$30,719
Information Technology$15,058$7,289-$22,347
Fees for Services Accounting$18,235$3,740-$21,975
Fees for Service Investment Mgmnt Fees$15,126--$15,126
Grants to Domestic Orgs$12,989--$12,989
Total Functional Expenses$3,551,406$1,103,320$0$4,654,726

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$4,654,726
Expenses per Audited Statements$4,639,600
Total Expenses per Audited Statements$4,639,600
Expenses Not Reported on Financial Statements$15,126
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Georgia Public Policy FoundationAtlanta, GA501(c)3Donation$10,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
Yes
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$453,444
Total Nondeductible Lobbying and Political Cost$453,444
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Office Lease Liability$581,199
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The organization is an association with members.”

Form 990, Part VI, Section A, Line 7A

“A nominating committtee prepares a recommended slate of candidates to fill vacant director positions. The slate is presented to the board of directors for approval. After approval by the board, the slate is voted on by the membership at the november general membership meeting.”

Form 990, Part VI, Section B, Line 11B

“Vp-finance provides relevant information to the cpa firm. The firm prepares the 990 and returns it to the association. Vp-finance reviews the 990, makes corrections as necessary, and presents the 990 to the president. The president reviews and signs the 990, then forwards it to the board via e-mail.”

Form 990, Part VI, Section B, Line 15

“President/ceo compensation is in line with that of other ceo's of similar sized 501(c)(6) trade associations, supported by asae survey data which is available to the public. The chair of the board of directors led the process and the finance committee reviewed and approved. Compensation for other employees is set by the president/ceo in line with the budget as approved by the finance committee.”

Form 990, Part VI, Section C, Line 19

“The organization does not make the governing documents or the financial statements available to the public.”

Filing and Contact Details

Filer

Filer Name
Atlanta Apartment Association Inc
EIN
58-1225117
Phone
7705184248
Address
8601 DUNWOODY PL SUITE 318, ATLANTA, GA 30350

Signing Officer

Name
Mark Sullivan
Title
Vice President-finance & Hr
Phone
7706704875
Signed
2025-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Sullivan
Formed
1975
Legal Domicile
Ga
Voting Board Members
25
Independent Board Members
25
Employees
19
Volunteers
275

Preparer

Firm
Cri Advisors LLC
Address
4004 SUMMIT BLVD NE SUITE 800, ATLANTA, GA 30319
Preparer
Tiffany T Orr CPA
Phone
7703948000
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Under section 501(c)(6) of the internal revenue code, the association is exempt from taxes on income other than unrelated business income. There was no unrelated business income for the years ended december 31, 2024 or 2023. The association utilizes the accounting requirements associated with uncertainty in income taxes using the provisions of financial accounting standards board (fasb) asc 740, income taxes. Using that guidance, tax positions initially need to be recognized in the financial statements when it is more-likely-than-not the positions will be sustained upon examination by the tax authorities. It also provides guidance for derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. As of december 31, 2024 and 2023, the association has no uncertain tax provisions that qualify for recognition or disclosure in the financial statements.”

Raw XML AppendixShowing 400 of 782 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm4JOHN DANIELL
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IRS990/Form990PartVIISectionAGrp/PersonNm6SHERRY FREITAS
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IRS990/Form990PartVIISectionAGrp/PersonNm21GREG MARK
IRS990/Form990PartVIISectionAGrp/PersonNm22KATE BEASLEY
IRS990/Form990PartVIISectionAGrp/PersonNm23DARION DUNN
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IRS990/Form990PartVIISectionAGrp/PersonNm26MARK SULLIVAN
IRS990/Form990PartVIISectionAGrp/PersonNm27JULIE ANDERSON
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IRS990/Form990PartVIISectionAGrp/PersonNm31SHANQUILLA HAUGABROOK
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IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5IMMEDIATE PAST CHAIR
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IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt26VICE PRESIDENT-FINANCE & HR
IRS990/Form990PartVIISectionAGrp/TitleTxt27VICE PRESIDENT - OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIR. OF GOVERNMENT AFFAIRS
IRS990/Form990PartVIISectionAGrp/TitleTxt29VICE PRESIDENT-STRATEGIC INITIATIVES
IRS990/Form990PartVIISectionAGrp/TitleTxt30DIRECTOR OF EVENTS
IRS990/Form990PartVIISectionAGrp/TitleTxt31DIRECTOR OF MEMBERSHIP
IRS990/Form990PartVIISectionAGrp/TitleTxt32DIRECTOR OF EDUCATION
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IRS990/MissionDesc0SERVES THE INTEREST OF MULTIFAMILY HOUSING OWNERS, MANAGERS, DEVELOPERS AND SUPPLIERS AND PROMOTES A HIGH LEVEL OF PROFESSIONALISM IN THE MULTIFAMILY INDUSTRY TO BETTER SERVE THE RENTAL NEEDS OF THE PUBLIC.
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